Will Continue To Operate Its Scheduled International And Domestic Flights
Virgin Australia has entered voluntary administration to 'recapitalise the business and help ensure it emerges in a stronger financial position on the other side of the COVID-19 crisis.' The Group’s Board of Directors has appointed Vaughan Strawbridge, John Greig, Sal Algeri and Richard Hughes of Deloitte as voluntary administrators of the company and a number of its subsidiaries. Velocity Frequent Flyer, while owned by the Group, is a separate company and is not in administration. The decision comes as the Group has continued to seek financial assistance from a number of parties, including State and Federal Governments, to help it through the unprecedented crisis, how